Phillips 66 Partners (PSXP) Tops Q3 EPS by 19c

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Go back to Phillips 66 Partners (PSXP) Tops Q3 EPS by 19c

Phillips 66 Partners Reports Third-Quarter 2018 Earnings

October 26, 2018 7:20 AM EDT

Highlights

Reported record earnings of $217 million and adjusted EBITDA of $305 million Raised quarterly distribution by 5.3 percent to $0.792 per common unit Increased capacity of Gray Oak Pipeline to 900,000 barrels per day

HOUSTON--(BUSINESS WIRE)-- Phillips 66 Partners LP (NYSE: PSXP) announces third-quarter 2018 earnings of $217 million, or $1.10 per diluted common unit. Cash from operations was $255 million, and distributable cash flow was $218 million. Adjusted EBITDA was $305 million in the third quarter, compared with $276 million in the prior quarter.

This quarter we... More